Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

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Great Western Credit Union

Bond

Helping low income families achieve financial inclusion

6.5%

Targeted
annual return

Amount raised
£1.9m
Investors
320
Number of raises
2

The big picture

In the UK, the lowest-income families and individuals have suffered the most from the cost of living crisis, with many making drastic decisions about what they can afford to pay for. Great Western Credit Union offers a financial lifeline for many, providing affordable, flexible and ethical loans and savings products, helping those most at risk from financial exclusion to build healthier money habits, break the cycle of debt, and achieve financial well-being.

They provide affordable, ethical, fair loan and saving services for over 18,000 people across the South West and, by pooling together, directly helping local people and communities. They're deeply committed to building community wealth that will strengthen the local economy and positively impact those who need it the most.

The big raises

Great Western Credit Union launched a bond offer in April 2023 that successfully raised £1.4 million, with investments from individuals being matched £ for £ by Fair4All Finance. They reopened the bond offer to investment in September 2023 and finally closed it at the end of October after raising a total of £1.9 million.

 Investments will support this pioneering organisation to reach more people with their affordable loans and ethical savings products at a time when the need for them is greatest. They will develop their innovative Money@Work offering so more people can achieve financial well-being.

We are grateful to all of our new investors for placing their trust in us to deliver community financial services to many thousands more people across our part of the South West. Their support will deliver a better financial future for our people and communities across our region.

It’s been great to work with Ethex on this innovative new way of raising capital for a credit union. The commitment, diligence and professionalism of the whole team has been exemplary, and working with a trusted partner made the whole process much easier. 

James Berry CEO, Great Western Credit Union

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Raising Finance

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Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

Risk Warning

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.